The purchases will be processed through BitPay, which quoted Vivek Ranadive, the team's majority owner, describing the move as part of the team's efforts to become "NBA 3.0."

"We are maniacally focused on creating the most seamless experience for our fans in all facets," he said in a statement. "A major tenet of the NBA 3.0 philosophy is about utilizing technology for the betterment of the fan experience, and this is yet another step in that process."

Bitcoin's notoriety soared after the arrest last year of Ross Ulbricht, a 29-year-old from San Francisco who was accused of masterminding the online drug emporium Silk Road. Fans say it is a form of money that is not connected to any nation or government, while critics say it is used often for buying illegal substances online.